Bank Charges Functionality For Getting Demand Draft Or Pay Order From Bank
Last updated on JANUARY 10, 2017
Applies to:Oracle HRMS (India) - Version 184.108.40.206 and later
Information in this document applies to any platform.
The client requirement is to deposit a 'Demand Draft' against the statutory deductions
- Provident Fund, LIC
- Income Tax
In India Payroll, there is a functionality to get the 'Demand Draft / Pay Order' from the bank by running the "Bank or Post Office Payment" process within India Localization.
The bank charges commission for the issue ofthe 'Demand Draft / Pay Order'.
How will the system calculate the charges and update the Bank Book for Reconcilation through Cash Management?
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